RBI raises FII investment limit in KPIT Tech to 80%

Written By Unknown on Rabu, 13 Agustus 2014 | 21.03

RBI has stated that the company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for purchase of its equity shares and convertible debentures by FIIs.

Moneycontrol Bureau

The Reserve Bank of India has increased the foreign institutional investment limit in  KPIT Tech to 80 percent from 49 percent.

RBI has stated that the company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for purchase of its equity shares and convertible debentures by FIIs.

The purchases could be made through the primary market and through stock exchanges.

The KPIT Tech stock closed at Rs 150 per share, down 3.16 percent.

KPIT Tech stock price

On August 13, 2014, KPIT Technologies closed at Rs 150.40, down Rs 4.35, or 2.81 percent. The 52-week high of the share was Rs 190.90 and the 52-week low was Rs 123.00.


The company's trailing 12-month (TTM) EPS was at Rs 7.90 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.04. The latest book value of the company is Rs 53.64 per share. At current value, the price-to-book value of the company is 2.80.


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